N.I.R. Group, LLC Appoints Paul Schwartz Director of Client Services

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The N.I.R. Group, LLC ("NIR Group"), one of the largest and most active Private Investment in Public Equity (PIPE) investment fund managers in the world, today announced that Paul Schwartz has joined the firm as director of client services. Mr. Schwartz will report directly to Corey Ribotsky, the firm's chairman and chief executive officer.

We are pleased to be joined by a professional of Paul's caliber

    "We are pleased to be joined by a professional of Paul's caliber," said Corey S. Ribotsky, Chairman and CEO of The NIR Group. "At our core, NIR is a firm intensely focused on our client's interests, and Paul's background, coupled with his unparalleled commitment to clients, will allow us to continue to maintain our leadership position in client service."

Mr. Schwartz brings over 16 years of domestic and international finance experience, focused on institutional investors, mutual funds, portfolio managers, hedge funds and trading desks as well as individual high-net-worth investors and family offices. Throughout his career, Mr. Schwartz has introduced and structured venture financing, most recently assisting with the first round funding for EcoMotors, Inc., an advanced high-efficiency engine development company.

Prior to joining The NIR Group, Mr. Schwartz held senior finance positions at Spencer Trask Securities, Inc. and Josephthal Lyon & Ross, overseeing public and private financing in various forms, including: private placements, IPO's, derivative and debt securities. He has also formerly served as director of new business development and corporate finance for multiple public companies.

A graduate of Syracuse University, Mr. Schwartz holds a B.S. in Finance.

About N.I.R. Group, LLC:

The N.I.R. Group, through its hedge funds, has been investing in public companies since 1999. With offices in Roslyn, New York and Charlotte, North Carolina, N.I.R. Group, LLC invests on behalf of both individuals and institutional investors.

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